Property, Automobile & Liability Insurance Program

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Property, Automobile & Liability

Insurance Program

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 The Property & Liability Insurance Program consists of:  Liability Insurance  General  Employment  Law Enforcement  Crime  School Board  Automobile Insurance  Insured  Uninsured  Property Insurance  General  Boiler

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 The program is managed by the Purchasing

Department. Those responsibilities include:

 Maintaining accurate records of vehicles, equipment, drivers, properties, etc.

 Coordinating with the Risk Consultant to prepare for insurance bids

 Reporting of any accident and/or lawsuit to the appropriate insurance agent and maintain files on claims until closed/settled

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 The County contracts with a Risk Consultant to

provide the following service:

 Annually review the program to make sure that the

county is insured adequately

 Prepare bid specifications for insurance bids, evaluate

the bids & make award recommendation to the county

 Coordinate with the agents to renew the policies on

non-bid years

 Review all insurance policies to make sure they are

accurate

 Consult as needed to answer any questions regarding

the insurance program

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 Liability, auto and property insurance is typically

bid every three (3) years

 There have been exceptions to this if the

insurance market was particularly hard and it was not advisable to go out for bid, e.g. following the 9/11 tragedy.

 Bid Schedule

 February/March – Preparation of Specifications  April – Specifications to Agents

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 Insured by Travelers

 Agent is Griffin Insurance

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 General Liability Limits – Deductible $10,000

 Bodily Injury/Property Damage – products liability included

 $2,000,000 per occurrence  $5,000,000 aggregate

 Sexual Abuse Limit – Limited Abuse or Molestation Liability

 $500,000 per person  $1,000,000 total

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 General Liability Limits

 Personal Injury Liability - $2,000,000

 Medical Payments – None

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 Employment Benefits Liability (Each

Employee)-$1,000 Deductible

 $1,000,000 per occurrence  $3,000,000 aggregate

 Employment Practices - $25,000 Deductible

 $2,000,000 per occurrence

 Law Enforcement Liability - $25,000 Deductible

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 Management & Public Officials Liability

-$25,000 deductible

 $1,000,000 occurrence  $3,000,000 aggregate

 All limits are subject to Tort Liability Act

Limitations

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Liability premiums were allocated based on

predefined percentages



A review of all allocations will be done prior

to allocating funds for the 2011-12 fiscal year



Premiums for specific liability coverage is

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 Law Enforcement Liability insurance is included

in the General Liability policy.

 Annual Premium - $62,424

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 Insured by Aspen Specialty Insurance Company

 Agent is Griffin Insurance

 Annual Premium is $24,625.62

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 Basic Liability Limit - $1,000,000

 Non-Monetary Loss Adjustment Expense

 $100,000

 Negligent Hiring Loss Adjustment Expense

 $100,000

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 Insured by Travelers

 Agent is Griffin Insurance

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 Uninsured Motorists

 $1,000,000

 Hired Car & Non-Owned Automobile – Included

 Hired Car Physical Damage Deductible $500

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 Total of 319 vehicles insured as of July 1, 2010  Total of 179 vehicles insured with Collision &

Comprehensive

 Comprehensive Premium $35,537  Collision Premium $39,875

 Total value of these vehicles is $8,385,774

 Vehicles 2004 & newer or with a $30,000 value or

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 The allocation for Auto Insurance has historically

been done at the same percentage as the liability premium.

 A review of all allocations will be done prior to

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 Insured by Travelers

 Agent is Griffin Insurance

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 Employee Dishonesty

 $250,000 Limit - $1,000 Deductible

 Theft of Money - Inside

 $7,500 Limit - $500 Deductible

 Theft of Money – Outside

 $7,500 Limit - $500 Deductible

 Burglary

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 Insured by Philadelphia Insurance Companies

 Agent is AGA Insurance

 Total Annual Premium is $115,288

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 Buildings - $198,638,600

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Department Department Department

Department BuildingsBuildingsBuildingsBuildings ContentsContentsContentsContents

Electronic Electronic Electronic Electronic Data Data Data Data Processing Processing Processing Processing Inland Marine Inland MarineInland Marine Inland Marine

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Insurance Type Insurance Type Insurance Type

Insurance Type LimitsLimitsLimitsLimits DeductibleDeductibleDeductibleDeductible

General Property Value $10,000

Flood $5,000,000 $100,000

Earthquake $5,000,000 $100,000

Business Interruption $250,000 $10,000 Boiler & Machinery $50,000,000 $10,000

Extra Expense $250,000 $10,000

Accounts Receivable $250,000 $10,000

Valuable Papers $250,000 $10,000

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Insurance Type Insurance TypeInsurance Type

Insurance Type LimitsLimitsLimitsLimits DeductibleDeductibleDeductibleDeductible

Miscellaneous Equipment $2,616,599 $2,500 Voting Machines Included in Misc $250

22’ Boat $54,000 $2,500

Yamaha Motor $15,000 $2,500

Kidnap & Ransom $25,000 No Deductible Money & Securities Inside/Outside $5,000 $500

Identity Theft Expense $25,000

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The property insurance premium allocation

is based on the property values.



A review of all allocations will be done prior

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$433

$4,179

Allocation

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Insurance Insurance Insurance

Insurance TypeTypeTypeType DeductiblesDeductiblesDeductiblesDeductibles Policy LimitsPolicyPolicyPolicy LimitsLimitsLimits PremiumsPremiumsPremiumsPremiums

General Liability $10,000 $2,000,000 occurrence $3,000,000 aggregate $330,848 Employment Liability $1,000 $2,000,000 occurrence $3,000,000 aggregate Included Employment

Practices $25,000 $2,000,000 occurrence Included Management & Public

Officials Liability $25,000 $2,000,000 occurrence $3,000,000 aggregate Included Law Enforcement Liability $25,000 $2,000,000 occurrence $4,000,000 aggregate $62,424

School Board Liability $15,000

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 Basis of liability premium cost allocation

 Value of comprehensive & collision insurance

 Allocation of auto premium with and without

comprehensive & collision coverage

 Verify property values and allocation of

Figure

Updating...

References